BlackBerry Limited (NYSE:BB) Receives Average Rating of “Hold” from Brokerages

BlackBerry Limited (NYSE:BB) has been given a consensus recommendation of “Hold” by the eleven research firms that are presently covering the stock, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $8.9222.

A number of research analysts recently commented on the stock. Canadian Imperial Bank of Commerce raised their price objective on shares of BlackBerry from $10.00 to $13.00 and gave the company an “outperformer” rating in a research note on Friday, June 26th. Raymond James Financial increased their price target on BlackBerry from $4.75 to $9.50 and gave the company a “market perform” rating in a research note on Friday, June 26th. Wall Street Zen upgraded BlackBerry from a “hold” rating to a “buy” rating in a research report on Monday, June 8th. Stifel Nicolaus initiated coverage on BlackBerry in a research note on Wednesday, June 24th. They issued a “buy” rating and a $12.00 price objective on the stock. Finally, Royal Bank Of Canada upped their price objective on BlackBerry from $4.50 to $9.00 and gave the company a “sector perform” rating in a report on Friday, June 26th.

BlackBerry Stock Performance

Shares of BB opened at $8.79 on Thursday. The firm has a 50-day moving average price of $9.61 and a 200 day moving average price of $6.37. The firm has a market capitalization of $5.16 billion, a PE ratio of 97.68 and a beta of 2.25. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.26. BlackBerry has a 52-week low of $3.12 and a 52-week high of $13.59.

BlackBerry (NYSE:BB) last released its quarterly earnings results on Thursday, June 25th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The company had revenue of $152.90 million for the quarter, compared to the consensus estimate of $136.10 million. BlackBerry had a net margin of 10.31% and a return on equity of 11.66%. BlackBerry’s revenue was up 25.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.02 EPS. BlackBerry has set its FY 2027 guidance at 0.160-0.200 EPS and its Q2 2027 guidance at 0.030-0.040 EPS. On average, sell-side analysts anticipate that BlackBerry will post 0.13 earnings per share for the current fiscal year.

Insider Buying and Selling at BlackBerry

In other BlackBerry news, CFO Tim Foote sold 8,235 shares of the company’s stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $10.92, for a total value of $89,926.20. Following the completion of the sale, the chief financial officer directly owned 73,535 shares of the company’s stock, valued at approximately $803,002.20. This represents a 10.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Philip S. Kurtz sold 6,414 shares of the firm’s stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $11.07, for a total transaction of $71,002.98. Following the transaction, the insider owned 125,158 shares of the company’s stock, valued at approximately $1,385,499.06. This trade represents a 4.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 355,858 shares of company stock valued at $4,012,270 over the last 90 days. Insiders own 0.51% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. General American Investors Co. Inc. bought a new stake in shares of BlackBerry during the 4th quarter worth $3,892,000. Renaissance Technologies LLC raised its position in shares of BlackBerry by 139.2% during the first quarter. Renaissance Technologies LLC now owns 3,545,543 shares of the company’s stock worth $11,488,000 after purchasing an additional 2,063,153 shares during the period. Havemeyer Place LP purchased a new stake in shares of BlackBerry during the fourth quarter valued at $1,349,000. Hsbc Holdings PLC lifted its holdings in shares of BlackBerry by 1,501.9% during the fourth quarter. Hsbc Holdings PLC now owns 1,890,023 shares of the company’s stock valued at $7,116,000 after purchasing an additional 1,772,039 shares during the last quarter. Finally, TD Asset Management Inc boosted its position in shares of BlackBerry by 3.4% in the 4th quarter. TD Asset Management Inc now owns 1,809,320 shares of the company’s stock valued at $6,837,000 after purchasing an additional 60,320 shares during the period. Institutional investors own 54.48% of the company’s stock.

About BlackBerry

BlackBerry Limited, formerly known as Research In Motion (RIM), is a Canadian enterprise software and cybersecurity company based in Waterloo, Ontario. Since its founding in 1984, the firm has evolved from a pioneer in mobile devices into a specialist in secure communications, endpoint management, and embedded systems software. BlackBerry’s core mission today centers on delivering security-first solutions that protect critical data and infrastructure across diverse industries.

At the heart of BlackBerry’s offerings is the BlackBerry Spark® platform, which combines unified endpoint management (UEM), secure communications, and artificial intelligence–driven threat detection into a single framework.